Since this post has gotten a lot of attention over the years, I\'ve listed the top solutions per platform at the bottom of this post.
Original post
This might not be the accepted way, but I do it with screen, especially while in development because I can bring it back up and fool with it if necessary.
screen
node myserver.js
>>CTRL-A then hit D
The screen will detach and survive you logging off. Then you can get it back back doing screen -r. Hit up the screen manual for more details. You can name the screens and whatnot if you like.